Protected: Regulation v Directive explainer

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Protected: SFTR Q&A for Clients

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SFTR Period of Scrutiny Chaos – Where Same Means Different

Confusion reigns over the period of Parliament and Council scrutiny for the recently adopted level II SFTR legislation. Three months or one month? Earlier this week we broke the news that the European Commission (EC) at long last has adopted SFTR level II legislation. We also discussed the period of scrutiny and how it […]

EU Commission Adopts SFTR Level II…Finally!

The European Commission (EC) at long last adopted SFTR level II legislation today in the form of 7 delegated regulations. [Update 14.Dec: 3 more adopted today.] We broke the news early this morning on LinkedIn, and it was quickly reported in the press: So, eighteen months late. Better late than never.   The pertinent […]

ESMA declines SFTR amendment – What happens next?

On 4 September, ESMA formally rejected the European Commission’s (EC) request to make minor amendments to its draft SFTR level II legislation. ESMA delivered this news in the form of a formal opinion with an accompanying covering letter. The “turf war” that we discussed previously continues. We were tempted to analyse the detailed legal argument […]